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FRANKFURT: Germany's January-October natural gas imports rose 17.5 percent from a year earlier, while the cost rose 32.8 percent, buoyed by higher underlying crude oil prices, official data showed.

The gas import bill rose to 18.2 billion euros ($21.56 billion) in the 10 months on volume of 3,895,253 terajoules (TJ)*, data from trade statistics office BAFA showed.

Germany mainly imports gas from Russia, Norway, the Netherlands, Britain and Denmark.

BAFA no longer provides a breakdown of supply from each country, but Russia is the top supplier by far.

Many continental European gas prices under long-term supply contracts still track crude oil prices, with a time lag, though the importance of virtual gas trading points for spot supplies is increasing.

 

Copyright Reuters, 2017
 

 

 

 

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